Optimization in economics and finance : some advances in non-linear, dynamic, multi-criteria and stochastic models / by Bruce D. Craven and Sardar M.N. Islam
Introduction : Optimal Models for Economics and Finance; Mathematics of Optimal Control; Computing Optimal Control : The SCOM package; Computing Optimal Growth and Development Models; Modelling Financial Investment with Growth; Modelling Sustainable Development; Modelling and Computing a Stochastic Growth Model; Optimization in Welfare Economics; Transversality Conditions for Infinite Horizon; Conclusions
Summary
Extends the optimization techniques, in a form that may be adopted for modeling social choice problems. The models in this book provide possible models for a society's social choice for an allocation that maximizes welfare and utilization of resources. A computer program SCOM is presented here for computing social choice models by optimal control
Bibliography
Includes bibliographical references (pages 147-158) and index
